In many divorce cases, alimony (which is also sometimes called “spousal support”) is awarded. The concept of alimony is to award money from one spouse to the another during the pendency of the proceedings pursuant to an order of the court or after the entry of the Decree. Alimony has to be court ordered to be tax deductible. In Iowa, there are three types of alimony: reimbursement, rehabilitative and traditional alimony. Each serves a different […]
Taxability of Alimony – “Do I Have to Pay Tax on My Alimony?”
By Shannon Simpson Mar 18, 2016 Posted in Articles